XRP broke the support it was building at .4050 after a slight retrace to .38. All was looking like higher highs with some nice trend lines and then it broke down. At this point if xrp cannot hold the bottom trend line of the ascending triangle we will be looking a new lows. Strategy here would be be either to short under .34 or long above $.42 after the ascending...
Prepare for XRP to go much lower and much higher than they think on wave 2. Entry is $.32 to .345. TP at $.90, $1.00, and $1.05.
Looks like xrp gonna slide down then pop up for a reversal
Looks like we have some more retracement down in the following manner
The last time the dollar starting tanking bitcoin went from 1k to 20k and did not start correcting until the dollar reversed. We will see a similar thing only this time bitcoin will go from 10k to possibly 250k or more based on the S&R levels of the DXY.
Pattern fits pretty well in the fan. There really isn't any other support lines to draw. With bitcoin going down to $2-3k levels the current support will definitely broken. The only question is what's the next buying zone?
Right now All indicators are going up while price is going down on the 1 hour timeframe. We could see some further dipping but right now it shows there is a reversal towards the upside in play.
Speaks for itself
XRP looking ready for a drop to .365 based on trend and volume we have a bearish divergence trade setup
Short term fibs are aligning around $0.15 Good luck!
Looking for XRP to do a short term retracement with both a bull and bear trap before heading backup again. This path should cause maximum pain to traders.
This is an update of my previous idea which put XRP at $12-16. Analysis of the fib levels puts it higher at $21. Basic fan is based on EOY 2020 for time frame. EOY 2020 is just a guess. The fib levels are not.
XRP showing bulling divergence which means it prepping for another breakout. Crazy.
Bitcoin is at the top of a downward trend with no touch on long term support. Stop dreaming mooners. I mean unless you're shorting than this is great!
XRP had a nice breakout of the triangle. New triangle is formed and we're still going down. I got stopped out on the previous trade but redrawing lines with the new line. That last breakout was really crazy and gave RSI plenty of room to move further. It didn't even break its previous high of $.42.